I noticed that its racking system's earnings improves a lot in Jan-Mar19 quarter, and the analyst mentioned this business segment's future growth will be tremendous. The earnings of 3 more PFPE plants have not been recognised yet. When it does, the equipment segment should also register improved earnings. When the earnings of both business segments improve, EMetal's stock price should follow in tandem. I suppose that's the reason AmInvest analyst dares to give 80sen per share target price, based on current <40sen stock price. That is >100% potential price appreciation.
If loss continue then many downside to go. Just hope the next qr profit, otherwise I start to have doubt on the management claims that their business is good
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Bullhunter
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Posted by Bullhunter > 2019-03-05 14:50 | Report Abuse
company should buy back more to instill confidence that next qr will be profitable and have significant improvement